BuyerAdvocate
Posts: 9
Joined: 10/29/2009
Status: offline
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Starting a business in this economy is not the way to go. There are plenty of profitable winner businesses out there selling as we speak for far less then their really worth. Now is the time for people who want the most out of life to grasp on and take the plunge.
I think a key idea to remember when buying a business is to try and buy a winner. I know its tempting to buy a loser business and turn it around, but I don't think it's the financially sound way to operate. Purchase a mature profitable small business and you'll have cash flow right from day one.
I'd also recommend not straying out of your field of expertise. A person that has been an executive of a produce company for 15 years has no business buying a water park. Stick to what you know.
Anyone interested in the buying of a business should check out The Business Buyer Advocate blog at http://www.businessbuyeradvocate.com/. It is a great blog full of must have knowledge for anyone thinking about taking the plunge.
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Instead of Starting a Biz, Why Not Buy? - 
